Tag: Insolvency
US is Bankrupt
Many have warned about the impossible mathematical situation the Federal Government has maneuvered its way into. This problem existed before President Obama, although he surely has accelerated the date with bankruptcy more than anyone else. I have laid out the absurd condition and shown why it is impossible to escape a complete and total collapse. [...]
Desperate Economic Action Ahead?
The economic condition of the country continues to decline toward its rendezvous with an, as yet, unknowable catastrophe. Speculation regarding this outcome is natural because self-interest, if not self-preservation, is at stake. Here is but one possibility. It is not a prediction, but a look at a series of not improbable events that could develop. [...]
Inflation: The Last Gasp of the Obama Economic Crisis
Inflation is neither strategy nor solution; it is the last gasp of a desperate ruling class. Inflation is the inevitable ending of this awful economic crisis. The only questions are how much and when. Rising support champions inflation as a salvation strategy. Richard Russell in a recent newsletter provides the rationale (emboldening by Mr. Russell): [...]
Likely Government Revenue Raising Measures
I am not endorsing revenue increases for the government. My position is for government spending cuts, a lonely preference in terms of Washington-think. Washington’s Pavlovian response, always, is that more revenue is required. That is the response for government all the time, whether it be Federal, state or local. There is never enough revenue for [...]
Illinois and Individuals and Politics
Periodically I get an email that looks past the mass of statistics and puts the economic downturn into personal terms. It is too easy to forget for those of us that deal with statistics that there are millions of individual stories behind every one of the data points. Here is an email that was prompted [...]
How Bad Is It? See the Numbers!
Here is a wonderful compilation of statistics by Michael Snyder that puts the true condition of the economy into perspective. Do not read if you are not at ground-level and put all sharp objects away before you start. 50 Statistics About The U.S. Economy That Are Almost Too Crazy To Believe Published on 06-03-2010 By Michael Snyder [...]
A Monetary HAZMAT Suit
From the Daily Reckoning: “We have crossed the Rubicon and events in the world economy are now likely to unfold in a totally uncontrollable fashion,” laments Egon von Greyerz in yesterday’s edition of Whiskey and Gunpowder. “Clueless governments…will continue to prescribe the same remedy that caused the problem in the first place, namely more credit and more printed [...]
Video Explaining the US economy and government
For a summary of what has happened and continues to happen to the US economy and government, watch the following video: http://www.youtube.com/v/eb1n1X0Oqdw&hl=en_US&fs=1&
Grecian Formula for Aging Democracies
Many of you know that Chris Martenson is one of the best analysts around. He will not tell you what stocks to buy or when to buy and sell. Chris’ unique skill is to critically analyze the longer-term trends. His vision is strategic rather than tactical. He provides a framework that all investors and Americans [...]
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